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to avoid the fiscal cliff. both houses of congress are meeting in a rather sunday session. the senate convenes aat 1:00 eastern and the house at 2:00. our chief white house correspondent jessica yellen with the look at the chances for a deal and what's on the table. >> here in washington there is still hope a deal can be cut in time to avert the fiscal cliff. on saturday the president was at work here in the white house, but all eyes were on the senate where negotiators were trading deal points and revenue figures to try to reach an agreement all sides can stomach. the baseline for the president, any bipartisan bill has to extend unemployment insurance that would affect some 2 million americans, and increase taxes for the highest income earners. negotiators can still work out exactly where that tax increase would hit and whether they would halt an increase in the estate tax. in case those discussions break down, the president has asked democratic leader harry reid to prepare a separate bill to put on the floor of the senate that would raise taxes on households that earn $250,000 or mo
with negotiations going on this weekend to try and keep going off the fiscal cliff. the deadline is now just three days away. president obama is modestly optimistic. our chief white house correspondent jessica yellin has more on what needs to happen in order to make a deal. >> reporter: alison, christi, hi. the good news is things could have been worse. it doesn't seem to those of us watching from the sidelines as though time is running out, but congress does some of its best or at least its speediest work when the nation's back is against the wall. after a rare oval office meeting with top congressional leaders, the president said he's modestly optimistic a deal can come together. emphasis on "modestly." >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> reporter: both sides left an agreement, at least over their next step. >> we'll be, would go hard to try to see if we can get there in the next 24 hours. >> whatever we come up with is going to be imperfect. some people aren't going to like it. some will like it less,
boehner wanted to send a message, to get in line for a deal on the fiscal cliff. >> we have determine thursday is some secret scorecard. a scorecard which based on testimony votes -- >> reporter: i think there's house -- >> i think there's potentially i hope not to push a tax increase through the house, and we will see what happens. >> reporter: while the speaker denied he's bringing down the hammer, stating in a letter that "there is no scorecard," -- >> stop spending now! stop spending now! >> reporter: it's clear, tea partiers are not rallying to shut down the government anymore. some are even leaving room for compromise on raising taxes on wealthier americans. >> are all of you saying that you would not vote to raise income tax rates on the top 2%? are you all basically saying that's out of the question? >> but the problem is that i wanted to -- i wanted real cuts, real cuts. i'm not saying yes, and i'm not saying no. >> reporter: even as conservative colleagues are holding their ground. >> the simple fact is raising taxes is not going grow our economy. >> i remain the most optimi
Search Results 0 to 2 of about 3